Question

1. How is global economy reshaping in COVID-19? (Include numbers or graphs).
2. How UAE economy is affected in COVID-19? (Include numbers or graphs).
   
   
3. What strategies UAE government has used to protect UAE economy in COVID -19 (Include numbers or graphs).

Answer 1

Global economy reshaping covid-19

European economy is had already been performing extremely badly towards the end of 2019.
Europe is almost certain to go into recession over the coming months.
German economy is in in fragile state.
Italian economy and other part of the European periphery are also facing very serious stresses right now.
Recently the (UNCTAD)
United nation conference on Trade and development has observed that the economic uncertainty part by the covid-19 will likely cost the global economy 1 trillion dollar in 2020. Dogs evasion is based on world economic situation and prospects 2020 released by UNCTAD.

Worst possible scenario for economy in covid-19:- if the world economy grow at only 0.5% which would involve a 2 trillion dollar hit to GDP.
Best case scenario in covid-19 :-with moderate decline in private consumption investment and exports and offsetting increases in government spending global growth would fall to 1.2 percent in 2020.
Slowdown in the global economy under 2% for year is envisaged which wale probably cost in the order of 1 trillion dollar.

global finance market is fluctuating due to the supply chain in interruptions from China and oil prices uncertainty among major producers.
Many parts of the Latin American region are also one vulnerable. Argentina in particular wheel bi struggling as a consequence of the the knock on effect of this pandemic.the least developed countries economy are driven by the sale of raw materials will also face hard consequences.
Heavy indebted developing countries particularly commodity exporter face a particular 38 due to the weaker export returns linked to a stronger US dollar. The likelihood of a stronger dollar as investors seek safe havens for their money and the almost certain rise in commodity prices as the global economy slows down, means that commodity exporters are particularly vulnerable.

There are few suggestions for pandemic of covid-19:-

Government need to spend now in order to prevent more damaging meltdown in the coming Times. The u.s. government is in an election year and it need to do more than simply cutting taxes and reducing interest rates. Where is Chinese government is likely to introduce significant expansionary measures short hand for increasing spending or tax cuts.a scenario of dedicated policy responses and institutional reforms are needed to prevent a localised health scare from turning into a global economic meltdown.